Continental swings to $233 million second-quarter profit

Continental Airlines continued the trend of US majors reporting strong financial results, posting second-quarter net income of $233 million, reversed from a $213 loss in the year-ago period.

Photo: Courtesy of Continental Airlines
Continental Airlines continued the trend of US majors reporting strong financial results, posting second-quarter net income of $233 million, reversed from a $213 loss in the year-ago period.
But the carrier stressed it does not view the results as justification for increasing capacity. With an emphasis on "rigorous capacity discipline," it projects full-year capacity will rise just 0.5%-1.5% year-over-year, including an 0.5%-1.5% ...